Petroleum Licensing and Contracting

This is a topic overview on Petroleum Licensing and Contracting summarises common practice in the licencing and contracting of exploration and production rights for upstream activities in the petroleum sector. It covers developments in the licensing progress to encourage exploration and production, confidentiality of data gathered under exploration and production contracts, areas of potential conflicts between national law and international law and model clauses and standardisation.

Different types of upstream petroleum contracts with the State and agreements between petroleum companies, the difference between contracts and licenses, and an overview of contract types are also provided for.